How Money Works in Your Land Business (LA 1769)
Transcript:
Jill DeWit: Hello.
Steven Jack But...: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWit broadcasting from the valley of the sun.
Steven Jack But...: Today, Jill and I talk about how money works in your land business, and really just how money works at all.
Jill DeWit: Did you write this for me?
Steven Jack But...: No.
Jill DeWit: Okay.
Steven Jack But...: No.
Jill DeWit: I got to ask. Okay, let me back up here. One of us is an accountant and one of us isn't. You guess. Who do you think it is?
Steven Jack But...: Yeah, who do you like more? Jill or me? The other one's the accountant.
Jill DeWit: Yeah. That's why I thought you wrote this for me. I thought this was your subtle way of, "Babe, we got to talk."
Steven Jack But...: No.
Jill DeWit: "And your money habits suck." Because I wrote down...
Steven Jack But...: That is the exact opposite.
Jill DeWit: I have to say, I have, in my lifetime, I have changed dramatically on how I look at, view, manage and budget, and I'm very proud of that.
Steven Jack But...: I have never had a life partner or a business partner who manages money better than you.
Jill DeWit: Thank you. Really? Seriously?
Steven Jack But...: Yeah.
Jill DeWit: That's...
Steven Jack But...: That's an absolute.
Jill DeWit: I didn't know that.
Steven Jack But...: I would never, in a twisted way, write a topic that we need to talk about and then just talk to the whole world about it and then have you try to...
Jill DeWit: I'm sure...
Steven Jack But...: ... teach you a lesson.
Jill DeWit: Are you sure we haven't done... I think we've done that before. I'm pretty sure if we go back over the decade, not decade, but the years of podcast, there's probably a few hidden messages in there. Anyway, I'm excited because I wrote down the three things that I think...
Steven Jack But...: Good.
Jill DeWit: ... you need to, how you manage your money in your own personal land business. I'm excited to hear what you think. And then, I know you're going to set us all straight.
Steven Jack But...: I'm going to give you my opinion.
Jill DeWit: I know.
Steven Jack But...: And then you and everyone listening to this, the six or seven other people that are listening to this, cannot decide whether or not I'm full of it or not.
Jill DeWit: No, I know you're right, but I'm just... I want to see how close I am. But I think I'm going to be not far off, but this is my perception, but I'm not going to use the right terms obviously, because I'm not an accountant and I don't care about the right terms.
Steven Jack But...: We're going to start off with your stuff right after this.
Jill DeWit: Okay, cool.
Steven Jack But...: Before we get into it, let's take a question posted by one of our land members on the landinvestors.com online community. It's free, and I hope you know by now, we have full blown operational commercial printing company called offers2owners.com. Jill and I set this up a bunch of years ago out of pure blind frustration with sending our own mail campaigns out and using commercial printing companies that don't understand our business.
Jill DeWit: Correct.
Steven Jack But...: We decided a few years ago to make it available to everybody.
Jill DeWit: Yeah.
Steven Jack But...: Go to offers2owners.com and see if... If you're sending out mail, see how it fits in your world.
Jill DeWit: It can hook you up.
Steven Jack But...: I'll tell you, last month, we did almost 900,000 offers.
Jill DeWit: Cool. All right. Mike F wrote, "This is from the other member who is communicating with a broker."
Steven Jack But...: This is a...
Jill DeWit: This is part of an ongoing conversation.
Steven Jack But...: This is a written communication...
Jill DeWit: Okay.
Steven Jack But...: ... from a broker to a Land Academy member about doing a real estate deal.
Jill DeWit: Okay,